2005-2006 Budget
Revenue broken down
Local $11,173,847
County $737,000
State revenue $12,826,176
Federal $3,755,497
Other $190,000
Total Revenue $28,682,520
Expenditures broken down
General operations $11,865,947
Salaries, benefits $14,676,235
Debt service $262,075 (begin paying April '05 bond)
Anticipated capital $1,878,263
Total Expenditures $28,682,520
April 2005 Bond Issue
*Restricted bond issue monies $4,678,243.09
Bond issue '05-'06 expenses $953,740.00
Estimated restricted bond issue balance $3,724,503.09
* Bonds approved $4,530,000
Bond premium $148,243.09
Total bond monies $4,678,243.09
The bond premium was possible because companies that bought the district's bonds paid higher than face value. (The premium costs taxpayers nothing.)